One Equity Partners Agrees to Make a Strategic Investment in Mythics Emergent Group, Leading IT Solutions Partner to the Public Sector
Summary
NEW YORK--(BUSINESS WIRE)--One Equity Partners (“OEP”) today announced that it has purchased a controlling interest in Mythics, LLC and its wholly-owned subsidiary Emergent, LLC (together, “Mythics Emergent Group” or “MEG”), a leading public sector focused IT services firm, with business across federal and state, local and education (“SLED”) segments . Following the investment, the founders and senior executives of MEG retained a minority interest in the company alongside OEP. “As a key provider of cloud-based solutions to federal and SLED customers, we expect MEG to be an important participant in the public sector’s shift to next generation technologies.” “We believe One Equity Partners is the right partner for us as we enter our next phase of growth,” said Paul Seifert, the newly appointed CEO of Mythics Emergent Group. “Their deep expertise within the IT services sector and operational support will enable us to further enhance our solutions, while also advancing our mission of helping government agencies modernize their IT systems.” “IT modernization is a key public sector priority, and MEG is highly skilled at executing such projects in this space,” said Otavio Birman, Vice President, One Equity Partners. MEG partners with some of the most prominent and industry-leading technology platforms, such as Oracle, IBM Red Hat and Adobe, and its history, commitment, success, and depth of knowledge is in the Public Sector.